Elite Tactics is the system that was designed by Radek Reznicek. It was released on May 24, 2020. The last update was published several days ago, on March 30, 2021. We don’t know if it fixes profitability.
Is this robot a viable option?
The presentation is short, but we explain to you everything about it:
- Elite Tactics runs on MT4 and MT5 terminals completely automatically.
- The main currency pairs the settings allow us to work with are EUR/USD, GBP/USD, USD/JPY, and AUD/USD.
- The robot works only on the H1 time frame.
- Anyway, we can attach the system to any chart/symbol we want, but the settings should be changed by us manually.
- It doesn’t use Grid, Arbitrage, or Martingale.
- It places several pending orders while analyzing the market.
- When the market touches Entry Point, the order is placed.
- The money-management system covers all deals with SL levels to prevent losing much during High Impact News.
- There are High Slippage and High Spread protection.
- The settings allow choosing the risk level we want to work with.
- The Lots Sizes are calculated automatically for a system.
- We need to use the system on an ECN account by using a VPS service that increases a reaction on the market events.
- Default settings are good to go with EUR/USD on the H1 time frame.
- If we still want to attach the system to another chart, we must use another magic number.
- We’re free to set the leverage we’re comfortable working with.
- We can find settings for all pairs on the developer’s website that is mentioned in the presentation.
- There’s a list with settings and explanations of how they can be changed.
How to start trading with Elite Tactics
Elite Tactics’ price is $245 for a digital copy of the product. There are two rental options: a one-month rent costs $99. A three-month rent costs $145 (we can save 51%). The robot is available for demo downloading as well. It’s typical for a product published on the MQL5. We can check it on the terminal.
Elite Tactics backtests
It’s a EUR/USD backtest with Automatic Lot Sizes on the H1 time frame. The period of data was picked from 2019.01.02 to 2020.05.22. The modeling quality was 99.90%, with variable spreads. An initial deposit was set at $1000. The Total Net Profit has amounted to $17,343. The Profit Factor was 5.75. The maximal drawdown was 24.19% ($3,226.32). There were 186 trades closed with 99% of the win-rate for Shorts and 97% for Longs.
Trading results
We’ve got an abandoned demo USD account on IC Markets. The robot traded automatically with 1:500 leverage on the MetaTrader 4 platform. The account has only Verified Trading Privileges. It was created on June 05, 2020, deposited at $3000, and stopped July 05, 2020. The absolute gain has become +2.5%. An average monthly profit was +2.50% because only one month was traded. The maximum drawdown was 0.69%. No one tracks the account.
Elite Tactics has closed 34 deals with 102 pips. An average win was +3.76 pips when an average loss was six times bigger -22.00 pips. The win-rate was 100% for the BUY direction and 95% for the SELL direction. An average trade length was 5 minutes. The Profit Factor was 4.52.
The robot worked with EUR/USD, GBP/USD, and USD/JPY. The most frequently traded and most profitable currency pair was USD/JPY with 15 deals and $29.28 of profit.
The robot traded during the American market opening and a bit during all sessions.
The most-traded day was Wednesday with ten deals.
The system ran the account with quite a low risk to the balance.
The last results were acceptable.
There’s nothing to discuss, seeing only these results.
Other notes
The developer is from the Czech Republic originally. There are 31 products in his portfolio. The overall rate is good – 30654 points.
People feedback
The MQL5 gives the robot a 3.5 from 5 rate.
The last comments are negative. The developer decided to hide from providing answers to them.
Wrapping up
Advantages
- Backtest reports provided
Disadvantages
- No strategy revealed
- No trading results provided
- High pricing as for an abandoned robot
- There are many negative testimonials in the comment section.
- The developer didn’t respond to comments
- No money-back-guarantee provided
Summary
Elite Tactics looks like a scam robot. The developer updated it several days ago but still ignores people’s comments. After updating, the system wasn’t brought back live. There’s no all-new account created. Everything looks suspicious. The package costs high and the developer doesn’t support it with a refund policy.
Forex Fury
FXgoodway
Z Trader FX EA
Forex Incontrol Reborn